Marcus & Millichap Brokers Dave Knobler & Charles LeClaire Facilitate Sale Of 68,839 SF Industrial Property On Southwest Fwy In Houston
4250 Southwest Freeway, Houston, Texas 77027, United States
Building Size
68,839 SF
Asset Type
Industrial
Closing
Sep 21, 2022
AI
The recently closed transaction involved the sale of an industrial property located at 4250 Southwest Fwy in Houston. This property comprises 777 units and spans across 68,839 square feet, situated on 4.2 acres of land. The sale of this industrial asset took place on September 22, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4250 Southwest Fwy
- Market: Houston
- Units: 777
- Square footage: 68,839
- Acres: 4.2
The sale transaction was facilitated by brokers Dave Knobler and Charles LeClaire, who represented Marcus & Millichap in the deal.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93